Truist Financial Remains a Buy on Valley National Bancorp (VLY)
In a report released today, David Smith -CFA from Truist Financial reiterated a Buy rating on Valley National Bancorp, with a price target of $14.00.
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According to TipRanks, Smith -CFA is a 4-star analyst with an average return of 14.8% and a 90.24% success rate. Smith -CFA covers the Financial sector, focusing on stocks such as Charles Schwab, Robinhood, and F.N.B..
In addition to Truist Financial, Valley National Bancorp also received a Buy from TD Cowen’s Janet Lee in a report issued today. However, on the same day, KBW maintained a Hold rating on Valley National Bancorp (NASDAQ: VLY).
Based on Valley National Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $891.81 million and a net profit of $163.36 million. In comparison, last year the company earned a revenue of $913.9 million and had a net profit of $97.86 million
Read More on VLY:
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- Valley National price target raised to $16 from $15 at TD Cowen
- Valley National price target raised to $14 from $13 at RBC Capital
- Valley National price target raised to $13 from $12.50 at Keefe Bruyette
- Valley National price target raised to $14 from $13 at Barclays
- Valley National upgraded to Strong Buy from Market Perform at Raymond James
